Small Business Marketing

Magalogs – catalogs that include elements of both editorial content and story-telling through design – help traditional catalogers build brand affinity and connections with their customers. To see an example, click here for a magalog King Fish created for PC Connection aimed at their small business customers.  Retailers are recognizing the benefits of this approach, and are morphing their print to better serve customers, showcasing products in far more engaging environments. And to further demonstrate effectiveness, magalogs are also becoming digital versions, where customer shopping, referral behavior and site interaction is measured for true return on investment. Savvy marketers are starting to use this platform – and there is no reason not to – all retailers should. Build affinity, enhance shopper experience, and track results. That’s a recipe for job security.

They key to a successful magalog is producing the project with a team of creative and marketing-types that understand how to incorporate the elements that result in measurement and increased affinity. There are several applications that improve both measurement and sell-through, so be sure your content provider has a solid knowledge in these areas. A media investment should be accountable and measurable, and when executed properly, magalogs can be at the top of the ROI food chain.

Over the past few weeks I have had the pleasure of appearing on a few radio shows to talk about the new media landscape.  It is important to look at these changes from the point of view of media consumers and how it affects marketers.  A common theme is how technology has empowered consumers to be in control of their media choices in terms of timing, format and platform.  This dynamic has changed the business model for traditional media companies especially in print and broadcast.  An equally important theme is the drive for measurability and accountability from marketers.  In a down economy, marketers are even more obsessed with return on investment and making every cent count.  These are themes we will be exploring in depth in 2009.

Please click the links to listen to the clips

December 22 – Indianapolis morning show with Pete the Planner, a well known financial planner from Green Candy.

January 16 – Houston National Public Radio

January 27 – KFUO morning show in St. Louis

January 30  - The Small Business Advocate with Jim Blasingame, small business expert

I am sure that by now you have perfected your “about me” and “profile” pages on all of your social networks.  You have opened yourself to networking outside of your known circle and you are sending personal notes when you extend or accept invitation.  Your network of contacts has grown from hundreds to thousands of business professionals.

During this process you may have noticed that a large number of both corporate and private recruiters are looking to connect.  Recruiters are by nature active networkers.  They understand that they may meet the next great hire directly or indirectly through their network. Recruiters are experts at turning their contacts in leads.

So how do you do this?  I recommend three easy steps:

1.  Open a conversation with each of your contacts.  As I previously mentioned I respond to each invitation with a personal message.  I do have a form message that I personalize based on the profile of the individual.  I do the same with invitations.  I share what I do and what I am looking for.  I always ask for the business.  I am networking to grown my business.

2. Have “free” items available.  White papers, links to your blogs or anything that will share your expertise with the potential lead.  This is a validation process for them.

3. Set telephone calls to follow up individually.  I may spend 4-5 hours a week networking on line, but I spend an additional 8-9 hours in follow up calls and sending out information to prospective clients.

LinkedIn has added discussion functions to each of its groups.  You can send out a question or even a specific job request to the group.  This is also an excellent place for you to answer questions and position yourself as the expert in a specific area.  If in responding to a question you see an opportunity to ask for the business I often choose a “private reply” versus and open posting.  This allows me to contact the individual directly and share with them the benefits of my company and how I can assist them with their specific question or need.

Ready to jump offline and add an in person social networking option?  I recommend BNI . BNI offers everyone an opportunity to grow their business through referrals.  I use BNI to supplement by Facebook and LinkedIn communities and increase my local area leads.

Careful feeding, watering and farming of your contacts can turn your social network contacts in leads and revenue for your business. 

I’d like to introduce a new contributor to the King Fish Think Tank  - Kathleen Martin, CEO, RocketComm.  Kathleen is speaker, presenter and marketing professional with a track record for producing programs that generate revenue and exceed goals.  I have known her for several years going back to when I was running a marketing department for a traditional media company and she was a customer in her role as a communications manager for a Fortune 500 technology manufacturer.  Kathleen was one of my favorite clients because she is a master at using both new and traditional media to create ROI driven integrated solutions.  Now as CEO of her own company she is spreading her knowledge and experience with the world. – Gordon Plutsky, King Fish Media.

Driving Business Through Your Social Networks

I love to network.  I think I have been networking since I was in the third grade and introducing people to other people and looking for who had what in their lunch and who was looking to trade.  I am a bit older and I rarely find people looking to trade lunches, but I do find leads for my business and others through social network sites.   Networking online allows me to work a much larger lunch room and I make money versus Hostess cakes.

I have about 2400 contacts in my LinkedIn community and there is a fair amount of discussion on how to use LinkedIn or any social networking site to drive leads and increase your business.  I recommend that all users following five simple steps:

Understand the rules.
Social networks come with their own rules.  Be sure you understand what is acceptable in your communities.  On LinkedIn if you send an invitation to someone and they list you as “do not know” you will be unable to openly network without emails of the people you are trying to contact.  On Facebook not all of your discussions should be posted to walls, some require contact to contact messages.  You can often look at discussions posted online or in the FAQ section.

Build your profile as if you are building your website.
On LinkedIn your profile is not only a personal resume, but a resume for your business.  On Facebook you are walking a thin line of family, friends and business.  You can choose to have a personal page and a page for your business.  Keep an eye on what pictures you post on Facebook.  I cannot tell you how many small business owners loose business based on a picture they posted on Facebook (the holiday Christmas party should not be an open posting).

Start with the network you know. 
On LinkedIn you will need to just type in names in the search bar and request connections, on Facebook you can import your contacts from most webmail applications.  Add a personal note to each invitation.   Your note should include a short introduction from you, why you want to add this person to your network and why they should link to you.

Grow your contacts through open networking.
Move to the community that is available to you through your contacts.  On LinkedIn you can join the open networker groups (there are at least three) and you will receive invitations each time the new “invite me” list is shared.  On Facebook you can request anyone to be a friend, but the best way to grow quickly is to ask your friends to suggest contacts for you. 

Always ask for the business.
Anytime someone accepts your invitation or you accept theirs, follow up with a thank you note.  I suggest that you include not only your thanks, but what you are looking for business wise and ask what you can assist them with.

Wondering if it works?  I have driven more business in the last month through my LinkedIn contacts than I did on my last two direct mail campaigns.  By communicating in a personal manner both at the time of the invitation and when an invitation is accepted you create an active network.  Active networkers are open to growing business and will share leads with you if forward leads back out.   Next time we will discuss how to turn these conversations into active business.